Royal Bank of Canada declares dividends

TORONTO, March 3, 2011  Royal Bank of
Canada (RY on TSX and NYSE) today announced a quarterly common
share dividend of $0.50 per share, payable on and after May
24, 2011, to common shareholders of record at the close of
business on April 26, 2011.

The board also announced dividends on the following Non-Cumulative
First Preferred Shares, payable on and after May 24, 2011,
to shareholders of record at the close of business on April
26, 2011.